Spensa Technologies selected for national accelerator program for agriculture, cleantech firms
Published: June 27, 2013
WEST LAFAYETTE, Ind. - Spensa Technologies Inc., based in the Purdue Research Park, has been selected to participate in the Village Capital VentureWell: Louisville accelerator program for agriculture and clean technology companies.
Spensa Technologies has developed the Z-Trap, an insect trapping device that automatically detects the number of target insects captured and sends the data wirelessly to a grower's mobile phone or computer.
Fifteen companies were selected for the program, a joint venture between Atlanta-based nonprofit Village Capital, which has conducted 17 accelerator programs around the world, and VentureWell, a program of the National College Inventors and Innovators Alliance.
Other participants include:
* Aisle Won
* Aquabella Organic Solutions
* Future Tech Farm
* NOHMs Technologies
* Project e(X)
* Remote Cycle
* Shellfish Solutions
* Smart Farm
* Solar Site Design
* Tule Technologies
The program began with a four-day workshop on June 26, and will continue for three months. Participants assess one another, and the top-ranking entrepreneur will receive an investment of up to $50,000.
Spensa Technologies announced earlier in June that the NSF awarded a six-month SBIR Phase I grant worth $150,000 to the company, and the USDA awarded an eight-month SBIR Phase I grant worth $100,000.
A video about Spensa Technologies and its Z-Trap technology is available at http://www.youtube.com/watch?v=rfqUGixU5xE
About Spensa Technologies Inc.
Spensa Technologies is a startup housed in the Purdue Research Park of West Lafayette. The company was founded in 2009 by Johnny Park, president and CEO. Spensa's mission is to design, develop and deliver novel technologies for the agricultural industry that will reduce reliance on manual labor, foster eco-friendly farming and enhance crop production efficiency. Their technologies leverage the team's world-leading expertise in wireless sensor networks, robotics and computer vision.
About Purdue Research Park
The Purdue Research Park has the largest university-affiliated business incubation complex in the country in four locations across Indiana. The parks are home to about 200 companies that employ 4,000 people and are located in West Lafayette, Merrillville, Indianapolis and New Albany.
Contact: Steve Martin, 765-588-3342, firstname.lastname@example.org
The Z-Trap, shown hanging in an apple tree, automatically detects the number of target insects it has captured and sends the data wirelessly to a grower's mobile phone or computer. Spensa Technologies Inc., which developed the Z-Trap, is one of 15 companies selected to participate in the Village Capital VentureWell: Louisville accelerator program for agriculture and clean technology companies.. (Purdue Research Foundation photo)